Sentences with phrase «multifamily construction»

The monthly gains are largely attributed to the increase in multifamily construction spending....

Most banks are full on multifamily construction loans in particular.

As multifamily construction continues to show strength, the composition of apartment development has been evolving.

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If fundamentals remain strong, it could boost confidence and banks may be more willing to make multifamily construction loans.

Based on demographic trends, the nation should see a stronger rebound in multifamily construction than in single - family construction in the years to come.

If the pace of new multifamily construction doesn't outstrip demand, the predictions of growth in the market will most likely prove to be justified.

The April rate of multifamily construction spending was $ 51 billion, 3.1 % higher than March.

Housing data experts at the Cromford Report, which is the premier data trove for local real estate professionals, say portions of northern Tempe, downtown Phoenix and Scottsdale are the heart of the luxury multifamily construction boom.

The overall volume of multifamily construction starts was $ 194.7 billion last year, which is 7 % lower year over year.

«The longer term outlook is especially positive for multifamily construction, reflecting the aging of the baby boomers and an associated shift in demand from single - family to multifamily housing.

The March rate of multifamily construction spending was $ 49.2 billion, 2.1 % lower than February.

If new multifamily construction doesn't ramp up, rent growth could potentially approach 7 percent over the next two years,» Yun said.

There is a strong market for mezzanine financing on multifamily construction loans.

The NAHB construction spending index, which is shown in the graph below (the base is January 2000), illustrates the strong growth in new multifamily construction since 2010 and a steady growth in single - family construction and home improvement spending.

Single - family construction rose 6.5 % in February from the previous month, while multifamily construction fell 3.7 %.

A pullback in multifamily construction financing, a less frothy investment sales market and higher capital costs are all factors contributing to a fairly conservative lending estimates for this year.

Nationally, real spending on new multifamily construction showed a long - term upward trend prior to the collapse of the housing bubble, and it has rebounded strongly in the aftermath of the collapse, such that it is currently near its 2006 all - time high.

The NAHB construction spending index, which is shown in the graph below (the base is January 2000), illustrates the strong growth in new multifamily construction from 2010 to April 2017, and a steady growth in single - family construction and home improvement spending.

Multifamily construction plummeted 26.1 % in February, after activity in this segment increased robustly in January.

While single - family starts were down in July, multifamily construction continues to expand.

Few projects demonstrate the appeal of multifamily construction more than the proposed demalling of Santa Monica Place, a conventional regional mall.

«There is an almost direct correlation between multifamily construction and light industrial demand nationally.»

Rappaport comments, «Suburbs seeking to retain aging households may need to re-create a range of these urban amenities and enact some rezoning to encourage multifamily construction.»

Both government agencies singled out the multifamily market as potentially facing weakness ahead, following extensive multifamily construction and potential oversupply.

With new multifamily construction largely stalled and homeownership on the decline, occupancy and rental rates at apartment communities surged, and...

Still, the overall trend remains decidedly positive for new multifamily construction activity as the level of spending is 52 % ahead of the pace in February 2012 and has more than doubled the August 2010 low point.

Multifamily construction nationwide is two - thirds of the way back to its prerecession peak, while single - family home construction is still only about a third of the way back to its peak, said David Crowe, the chief economist of the National Association of Home Builders.

Multifamily construction starts declined sharply in the Midwest -LRB--48.5 %) and West -LRB--39.8 %), while they were up by 6.0 % in the South.

«Our long - term expectation for multifamily construction is for it to stay at an elevated level relative to some periods in the past,» says Jay Denton, senior vice president of research and analytics for data firm Axiometrics, based in Dallas.

Multifamily construction spending registered its 12th consecutive month - to - month increase, gaining 1.3 % over August 2012.

The NAHB construction spending index, which is shown in the graph below (the base is January 2000), illustrates the strong growth in new multifamily construction since 2010 and a more modest growth in single - family construction and home improvement spending.

In 2016, Dodge Date released its Construction Outlook, which predicted single - family construction would see a 20 % increase in the following year, while multifamily construction was expected to post a 7 % gain after

Meanwhile, multifamily construction doesn't appear to be abating either, in spite of significant levels of new supply already coming on the market.

As multifamily construction has picked up this year, so too has industrial, a trend brought forward by Nordby.

PNC continues to provide capital on multifamily construction loans, although its lenders are keeping a close eye on markets that have had a lot of supply and signs of flattening rent growth.

The February rate of multifamily construction spending was $ 50.9 billion, 4.1 % higher than January.

Although most of the improvement was due to a 74.5 % increase in multifamily construction, single - family starts increased nicely as well (up 10.7 %).

A relatively limited amount of new multifamily construction in Northeast Florida has kept the occupancy rate above its historical average, presenting opportunity for increased rent growth.

In contrast, multifamily construction is increasing considerably.

Starts fell in May for single - family and multifamily construction.

Overall, U.S. housing starts dropped for the fourth time in five months, according to Commerce Department data, revealing that multifamily construction is slowing.

By the end of the decade, multifamily construction is likely to peak at a level nearly two - thirds higher than its highest annual level during the 1990s and 2000s,» Mr. Rappaport wrote.

(Though he also notes slowing U.S. population growth «will put significant downward pressure on both single - family and multifamily construction.»)

Based on demographic trends, the country should see a stronger rebound in multifamily construction than in single - family construction, Kansas City Fed senior economist Jordan Rappaport wrote in the most recent issue of the bank's Economic Review.

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PNC Real Estate is one bank that has admittedly «taken its foot off the gas» on its multifamily construction lending, notes David Aloise, an executive vice president at PNC Real Estate.